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dom4411 - the answer to you question regarding triangles is as folows. Triangles are either wave 4's or B's but the SPX has YET to complete such a pattern. Contracting trendlines alone are not triangles so more evidence is required in this regard.
Interesting how copper completed a big move down, perhaps a 123, and triangled into what would be a 4, and then melted up.
Copper held up better then the SPX so maybe the SPX needs to melt up to play some catch up
Thanks that is helpful . Still learning.
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dom4411 - the answer to
Posted by steve on 28th of Aug 2011 at 02:33 pm
dom4411 - the answer to you question regarding triangles is as folows. Triangles are either wave 4's or B's but the SPX has YET to complete such a pattern. Contracting trendlines alone are not triangles so more evidence is required in this regard.
Interesting how copper completed a
Posted by steveo on 28th of Aug 2011 at 11:14 pm
Interesting how copper completed a big move down, perhaps a 123, and triangled into what would be a 4, and then melted up.
Copper held up better then
Posted by matt on 29th of Aug 2011 at 03:22 am
Copper held up better then the SPX so maybe the SPX needs to melt up to play some catch up
Thanks that is helpful .
Posted by dom4411 on 28th of Aug 2011 at 07:35 pm
Thanks that is helpful . Still learning.